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we're going to get these defense cuts and deficit hawks, conservatives, tea partiers are putting moderate republicans in a bind saying this is cutting our deficit. let's go for it. >> the grand irony, of course, is the fact that the number -- if you poll people their number one issue is jobs, right? it continues to be jobs. and $120 billion austerity crunch, the numbers being bantered around, in exchange for the sequester, which is like $85 billion. whatever it is, right, that's a big chunk. that will have an effect, negative jobs effect, no question. >> it is going to have an effect, i agree with you, chris. here is what i think. i think it is a risk. there will probably be a small recession. we had a .1 decrease in gdp last time. this deficit is a real problem. this is where i depart from paul. who am i to depart from paul? a nobel laureate. >> we'll ask him. >> this is about the best deal we'll get out of the right-winged crazy people in the house. >> because it's balanced and -- >> it doesn't really touch -- there's no better deal progressives are going to get out of this oth
'll be following this. >>> to washington now. members of congress remain focused on deficits, spending and how to head off the looming sequestration cuts poised to kick in early next month. in separate interviews on sunday, house minority leader nancy pelosi and majority leader eric cantor laid out the economic dividing lines. >> what we need is growth. we need growth with jobs. and if you have spending cuts, education of our children and other investments like the national institutes of health where you are hindering growth, you're not going to reduce the deficit. so it is almost a false argument to say we have a spending problem. we have a budget deficit problem that we have to address. we think the deficit and the national debt are at immoral levels. we think they must be reduced. we're sick and tired of paying interest on the national debt. and that's 15% -- that's a large percentage of the budget. >> the tax fight for the president means higher taxes, more revenue. again, we can't be raising taxes every three months in this town, david. and you know, the bottom line is we want tax reform,
talking about the deficit. >> really? oh, yes. eric cantor to the rescue. he is ready to save the republican image and put a stop to the electoral college losses, right? of course, this is not the first time eric cantor has tried to save the party. you see, it actually is the fourth attempt that he has had. in 2009, cantor held a pizza party, remember that? with jeb bush and mitt romney by launching the national council for a new america that didn't work. a year later, cantor was back at it. he was one of the young guns ready to take the republican party by storm. >> there is a better way, and a new team is ready to bring america back. eric cantor, kevin mccarthy, paul ryan joined by common-sense conservative candidates from across the country. together, they are ready to make history. together they are the young guns. >> the good old days. in 2011, cantor launched the you cut program. he wanted to get the public to vote on weekly cuts to federal government. another year, another failure. so today cantor launched the "making life work" campaign. he is trying desperately to avo
will do more than anything else to shrink the deficit and long-term tax reform, long-term entitlement reform. that's the right way to do it. but to cut now because we want to reform entitlements later doesn't make any sense. >> let me ask about that. you talk about tax reform. that's something the left wants and something the right wants. the problem is with tax reform, what it entails. here's the president today talking about tax reform, closing loopholes. >> there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy, should be put in jeopardy just because folks in washington couldn't come together to eliminate a few special interest tax loopholes or government programs that we agree need some reform. >> they're not little and they're not few and they're not easy. of the five of the top ten tax expenditures, these are loopholes. mortgage interest deduction, the deduction we get for health care, the child tax credit, deduction for state and local taxes, charity. okay. the presid
. there is basically an aversion to paying taxes, and we have deficits caused by wars, tax cuts, and all of the things that we talked about, and there are more people retiring. we could say that is too bad, they lived to long -- right -- too long -- one i was growing up, my grandmother had no medicare, no social security, and she lived with her daughters. i slept on the couch in the living room because that is how families took care of seniors before 1964. now we have a medicare program, where my father lived to 93, my mother lived to 97, and we did nothing for them except pay for their taxes. one year we gave my mom a christmas gift, a hearing aid which cost about $800. host: medicare does not cover that? guest: medicare does not cover that. good luck, you are on your own is what we say to seniors. my view is we are a better country than that. we can find a way to do that. there is a lot of stuff done in this country where people are getting treatment or examinations that are not making their health better or their life better. we have to look at that and stop doing that kind of stuff. that means wit
Search Results 0 to 18 of about 19 (some duplicates have been removed)